Preserving Affordable Housing Longterm

Analysis

Preserving Affordable Housing Longterm is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Preserving Affordable Housing Longterm reported income of $105k and spending of $113k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $664k to $105k (-84%), an average of -60% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preserving Affordable Housing Longterm sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Pleasant View Manor Inc ($105k), Haven Homes ($105k) and The Pennsylvania Building Officials Conference ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.5m against liabilities of $517k, net assets of $934k.